Monday, 23 January, 2017 - 18:27
Nifty ends with marginal losses, down 8 pts
9 Jan 2017
The NSE Nifty ended with marginal losses for second-day in a lacklustre momentum by 7.75 points to close at 8,236.05 following selling pressure in key pharma, energy and infra counters amid mixed global cues.
Opening positive, the key indices soon succumbed to choppiness between gains and losses while trading in a tight range. Sentiments were bridled with concerns ahead of December corporate results impacted by demonetization starting this week.
The broader markets midcap and smallcap company shares outperformed the key indices.
The realty segment traded with optimism, while IT sectors ended with short-covering gains.
Overseas, Asian markets ended mixed ahead of US jobs data, while European markets opened lower ahead of eurozone unemployment data and volatile energy stocks.
The NSE 50-share Nifty index opened higher at 8,259.35 and hovered in a range of 8,263 and 8,227.75 before ending at 8,236.05, showing a marginal loss 7.75 pts or 0.09 pct.
It saw an intra-day movement of about 35.25 points.
On the sectoral front, pharma fell by 1.43 per cent, energy 0.69 per cent and infra 0.53 per cent.
While, IT rose by 0.87 per cent, realty 0.84 per cent, FMCG 0.58 per cent and media 0.53 per cent.
Major index losers were Dr Reddy (3.13 per cent), ONGC (2.25 per cent), Asian Paint (2.09 per cent), Coal India (2.02 per cent) and BPCL (1.77 per cent).
However, HCL Tech rose by (2.93 per cent), Idea (1.65 per cent), Indusind (1.33 per cent), ITC (1.30 per cent), Eicher Mot (1.24 per cent) and TCS (0.98 per cent).
A total of 752 scrips declined, 875 advanced while 88 remained unchanged. Total securities that hit their price bands were 109.
Turnover in the cash segment slumped to Rs 14,510.43 crore from Rs 18,343.04 crore last Friday.
A total of 7,633.93 lakh shares changed hands in 6,448,456 trades. The market capitalisation of NSE stood at Rs 10,649,365 crore. (PTI)